1739 Siesta Drive, Sarasota, FL 34239
- $1,100,000
- 2,446
- SqFt
- Sold Price
- $1,100,000
- List Price
- $1,125,000
- Status
- Sold
- Days on Market
- 3
- Closing Date
- Jun 03, 2026
- MLS#
- A4691475
- Property Style
- Quadruplex
- Year Built
- 1960
- Living Area
- 2,446
- Lot Size
- 5,850
- Acres
- 0.13
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Bayview
- Community Name
- Bayview
- MLS Area Major
- Sarasota/Pinecraft
Property Description
Prime West of the Trail Sarasota four unit income property positioned approximately one half mile from the North Bridge to Siesta Key. Located near Southside Village, Sarasota Memorial Hospital, and downtown Sarasota, this fully occupied multifamily asset offers stable in place income today with future upside potential in one of Sarasota’s most desirable coastal adjacent locations. The property includes 2) two bedroom, one bath residences and 2) one bedroom, one bath residences, each with its own lanai. With 2,446 square feet under air and 2,926 total square feet, the building also offers shared laundry, individual storage for each unit, and a generous unassigned, on site parking area. New roof and interior updates to kitchens and baths were completed in 2023. With newer windows, mini splits and located in Flood Zone X, the property offers additional appeal for long term ownership. All four units are currently occupied on annual leases, with scheduled gross rental income of $73,380 once pending renewals are executed. Tenants pay electric and cable. City guidance indicates potential vacation rental flexibility may be available, subject to the seven night minimum stay requirement. This property offers the fundamentals investors look for: location, occupancy, recent improvements, and future flexibility. Well suited for an investor seeking a long term Sarasota hold with stable in place income, recent capital improvements, seller financing potential, and future upside through rent growth, repositioning, or approved vacation rental use. Seller financing may be considered for a qualified buyer with acceptable terms.
/u.realgeeks.media/teamdavisc21/Team-Davis-BLK-1.png)
Additional Information
- Taxes
- $11609
- Community Features
- No Deed Restriction
- Zoning
- RMF2
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor
- Utilities
- Cable Connected, Electricity Connected, Water Connected
- Heating
- Electric
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Outbuildings, Sliding Doors, Storage
- Roof
- Membrane
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Southside Elementary
- Flood Zone Code
- X
- Parcel ID
- 2039100043
- Legal Description
- LOT 17 BLK B BAYVIEW KEY WAY APTS
Listing courtesy of COLDWELL BANKER REALTY. 941-487-1492
Selling Office: WILLIAM RAVEIS FLORIDA LLC.Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on